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Suffice it to say we have concerns about the economy again.
So up for the next president -- states that's certainly going to be a topical issue and wouldn't you know.
We have a man many consider to be a possibility in that category -- talk about Fred Thompson the former senator Tennessee.
-- you might have seen him on TV now and then movies I don't know programs develop -- anyway.
Senator Fred Thompson saying there.
Your -- -- million -- -- -- -- -- -- joys of the usual thank you very much let's talk a little bit about the environment -- network Wall Street less than hospitable to the networks won't believe that the Wall Street later but are you concerned about a recession.
-- You've got -- understand.
Recessions happen and that we've been.
Extraordinarily long period without one.
Where did what -- two successive quarters of economic growth ever since the tax cuts kick them.
Inflation rates of unemployment rate -- are good indicators -- were part of a of healthy global economy.
And I think as long as we stick to the principles -- Believe it in this country and others -- -- marketer com economies and competition from free Americans with -- each other.
And vision world trade innovation.
You know we're we're gonna we're going to be okay clearly the Fed.
Look down the road and saw a little something there and with their drop in rates recently -- there always.
You know trying to -- the story -- a -- a little bit and hopefully they did them.
All right and I think that.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Well I don't know I think that we'll have to wait since -- in the video couple days ago mark it was a community and all of that goes oh absolutely like this they do it you know the human rumors say hey get ready for more doom and -- you know.
I don't see you always have to be mindful you know in terms of them -- fiscal policy.
And what we're doing the economy which direction people think that it's gonna go and I think if Wall Street concerns that we're gonna go and -- a period where we.
You know tax and spend ourselves into oblivion and we're all going to be in trouble.
That's what this next election probably is is going -- largely hinge on.
But I think for a -- have we stick to basics and do what made us a great mission.
There's no reason why we can't continue.
The prosperous terms that we him.
All right you talk about religion and a great nation but also what made the Republican Party great dominant party for many years of data back while Reagan.
Is practicing that privilege you -- being fiscally prison and I've gone crazy and now there's some doubt as to whether you guys still have that margin there.
Was not just -- Republican Party you know you went to the twins in it.
Administration that this.
Lowered taxes -- actually it's.
Kennedy administration Reagan administration and now here has proven.
But it grows the economy and that you know after a percentage and have for -- -- economists say that.
The revenue for government start sort of -- and in greater than the economic growth so it benefits.
Activity that in turn his tax.
-- month ago.
And -- we have to stick to that we have to make sure that the tax cuts.
That were placed.
In a 20012003.
In effect does not only -- -- -- groups including hampering an important -- seems the Democrats to a man and woman has said recess.
Yeah well that's so of course class politics.
They wanna take from those who they feel are thinking to -- form and give to those who they feel as you can.
It's just that simple.
And you know about 40% of people clear about mine and -- percent of taxes -- like that have been thirty over thirty years something like that that you moment.
Only problem with and especially when you get to.
Increasing the taxes on our investment and capital gains and dividends and things of that mission which courses old -- to.
You're you're stifling investment and the government doesn't get as much money -- -- was wanted to just doesn't work.
It's all about who's going to control the levers of power in the country.
Will lose your fears senator if a Democrat got elected president and why didn't they don't see that happen but and -- and the democratic.
Position in the house and or senate that I had its spending run amok in the filibuster.
Grossman I don't know question about nobody is.
Very much about it.
Once you get past.
Just a few years most people -- in terms of two years.
And about what you're you're looking at a train wreck anyway under the best of circumstances because of the demographic.
Situation that we've got we're we're -- agreeing society.
If you and your workers proportion opinion of entitlement program.
And if we stay on the same course which all -- economists who is unsustainable.
Then we're going to have an avalanche of spending and deficits.
And we're working through the Social Security surplus now.
We you know the first baby -- received for Social Security -- today.
And I guess they're eighty million behind the -- me at the -- -- you are better so so.
The question is asked do you do what Barack Obama has said.
Just lift the sealing cap presently at 97300.
And -- make it limitless.
Or do that in concert or something like that with scaling back benefits means testing any of that.
Generally speaking increases in taxes.
Slows the economy doesn't grow -- -- so increasingly -- Tressel to use senator is increasing.
No question about it that would be -- taxing -- especially have small business start.
In a time when.
Lest we forget.
Not only -- -- tax cuts expiring in two in the end of 2010 but the Alternative Minimum Tax.
It's just kicking in and of then you know was designed to hit about a 155 people I think and now it's going to be an excess of vote of twenty million lives that are.
-- going to be hit with and so all that's coming together we shouldn't be talking about the tax increase of the ledger we should be talking about.
The reduction of spending so I'm -- always talk about senator that's the Bridget reducing spending it's someone in the diet but they don't know well it.
It yes yes that is exactly where they're always talk about I don't know what causes and most of her.
No one wants no one wants that.
To do anything about it but it it's really irresponsible.
We're gonna be pitting one generation against another.
On our current -- we're going to -- see a drastic increase.
In taxes are drastic decrease.
In benefits if we don't do something that we could get together do some reasonable -- not have to.
To really hurt anybody and start taking some right steps.
In the right direction but that's the of course -- entitlement mandatory spending side of things but you don't -- the discretion is.
That this nation is engaged and we've.
Drastically reduce my -- villagers spend.
And the Korean War that was -- 45%.
In one year.
And then and all of -- -- of course we haven't done that mr.
we want him or -- it needed to its guns and butter.
And that's sustainable in the -- But because of of the fact that we're blessed with longer lives -- turning it into a -- For future generations listeners aren't -- -- More serious -- senator -- being very fiscally.
Diligent and and and on top of excessive spending why not sign this -- complexion of the that you will not.
Raise taxes governor Mitt Romney has the -- easy and we want when you.
Well -- -- shocked that he would do such apparent.
I have a record of 8 -- I am very consistent conservative.
Who over a period of eight years in the United States -- Fought for more taxes.
In conservative judges thus my record that's what I was just who knows -- and they have swelled the tomorrow so my record is -- absolutely clear on that.
But when people start sticking pieces of paper in your face that they have worded.
Two to suit themselves.
Asking you to make commitments of the any care -- towards the future of this country is concerned -- -- -- anybody running -- -- -- So you interpret signing.
No tax hike pledges.
There could be circumstances -- -- you could see Texas got a -- RRC in those circumstances were I would support.
A tax increases -- side as soon announcement balloon oil and you know what do you do this as -- -- and -- Well.
There's they say that may be that easy way but a log onto the haven't.
Committed discern any pledges -- don't intend -- -- any -- other than making a pledge to the American people -- what I believe my record is clear.
It is solid.
There's no question that I believe.
Two the -- of my close.
Bit increase taxes on the American people stifle growth stifle innovation stifle all those things that we say that we want in this country and it hurts the economy.
And if we don't have a growing economy and we're not going to be able to addressing these problems just mentioned.
Especially our entitlement.
Issues we can't grow our way totally.
Out of the situation that we're.
But we can't solve the situation at all unless we -- strong you can.
And you can't -- -- -- raising taxes period now under and is there.
Not not not really scenario that I can foresee sitting here -- okay -- -- to take a quick break here this scenario is noninvasive over bills we're gonna that I do.
Two senator Fred Thompson.
Who might tonight be naming a target which one of those two other fellows.
Is the target of a speech a lot of folks are going to be watching closely tonight.
We already know.
And he's already going to share.
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